When do IPOs start trading?

Quote from Thug_Life:

Is it true that a licensed person is not supposed to day trade IPOs when they open for trading?

What possible advantage am I supposed to have just because I have a 7? This has to be right up there with the PDT rule in its brilliance.
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False, and who cares that you have a 7?
ANYBODY can trade IPO's, you just are unable to short the first day or so. If you work for the underwriter, you can not trade in your PA the day of issue, or during the "quiet period".
Your statements are up there in brilliance.
 
An IPO can begin trading ONCE the SEC has given it's final approval and the registration is OKed. All "Ts" crossed and "i's" dotted.

The underwriter waits till the morning so they can better judge market conditions if they want to activate the approval process with SEC.

Hard to short an IPO because no other BD has actual possession of the stock certificates as of opening. They won't have them for 2 or 3 days. No rule against shorting an IPO. The issue is how to get shares to borrow??

SteveD
 
Quote from SteveD:

An IPO can begin trading ONCE the SEC has given it's final approval and the registration is OKed. All "Ts" crossed and "i's" dotted.

The underwriter waits till the morning so they can better judge market conditions if they want to activate the approval process with SEC.


SteveD
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I have never seen an IPO pulled the day it was supposed to trade, because of 'mkt conditions' Nice fantasy.

They wait until they can get some stability in the order flow.
 
Quote from SteveD:

An IPO can begin trading ONCE the SEC has given it's final approval and the registration is OKed. All "Ts" crossed and "i's" dotted.

The underwriter waits till the morning so they can better judge market conditions if they want to activate the approval process with SEC.

Hard to short an IPO because no other BD has actual possession of the stock certificates as of opening. They won't have them for 2 or 3 days. No rule against shorting an IPO. The issue is how to get shares to borrow??

SteveD
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Steve is right. Once when the registration is declared "effective" by the SEC it is free to trade.
 
Quote from economistt:

Dear DeeMan:

I am a novice in this forum. I have read all your posts and very like those about specialist. Could you please recommend some other helpful links about tape reading and scalping? Many thanks!

Best wishes
Dongbo
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LOL. When you revived this 4 year old thread yesterday you perhaps didn't notice that DeeMan hasn't posted on ET for over 4 years!

I'm not convinced that you will get a timely response :D

Good luck anyway!

MoMoney.
 
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